Spectator on facebook

Spectator on facebook

Economic sentiment improved in October

BUSINESSES’ confidence in the Slovak economy improved in October. Compared with the previous month, economic sentiment improved by 1.9 points to 93.1 points. Yet, sentiment is still lower than last year when it stood at 93.5 points. Moreover, it lags behind the long-term average by 12.2 points, the SITA newswire reported.

BUSINESSES’ confidence in the Slovak economy improved in October. Compared with the previous month, economic sentiment improved by 1.9 points to 93.1 points. Yet, sentiment is still lower than last year when it stood at 93.5 points. Moreover, it lags behind the long-term average by 12.2 points, the SITA newswire reported.

The sentiment indicator in industry rose by 4 points month-on-month in October to 3.7 points, which is the highest level since January 2012. It is a result of positive expectations of production growth in the following three months, SITA wrote.

Also, the indicator in construction improved when it rose by 3.5 points month-on-month to -45.5 points, a result of a more positive evaluation of current demand in the sector. At the moment the indicator lags behind its long-term average by 19.5 points, according to SITA.

The sentiment indicator in business rose slightly compared with September. The 0.3-point increase was a result of a more positive prediction of the business situation for the following three months and a lower level of reserves. The indicator in services rose by 0.6 percentage points to 6 points, SITA wrote.

In addition to this, consumer confidence in Slovakia also improved. Compared with previous months, it rose by 1.2 points to -21.8 points. The indicator also improved in annual terms, rising 16.2 points, SITA reported.

Source: SITA

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Nová Cvernovka: Artists mortgaged their property, became managers Photo

Photographer Šymon Kliman comments on his cooperation with the self-governing region and what they have planned for the future.

Leading personalities of Nadácia Cvernovka foundation: account manager Braňo Čavoj, director Vilo Csino and photographer Šymon Kliman. Designer Boris Meluš is not in the photo.

Fifth carmaker in Slovakia?

Cabinet gave the industrial park in Haniska the statute of strategic investment

The developed rail infrastructure in Haniska has helped to the launch of the industrial park.

Slovakia to extradite Vadala to Italy for prosecution

Slovak court approves the change of custody from pre-trial to extradition for Italian businessman active in Slovakia, leading to his actual extradition.

Antonino Vadala at´the Košice court's session on Aprl 20, which decided on his extradition.

Train full of missiles photographed in Ostrava a hoax

It seems that wartime conflicts are almost always accompanied by hoaxes, recent stories show.

Photos from the set of the feature film Revolution Man were misused for propaganda.